Pixelle Renames Industry-Leading Book Paper Brand

UPM continues to aim for business-specific collective bargaining with the Paperworkers’ Union but has also begun preparations for arranging working conditions temporarily without a collective labour agreement until agreements with the union are signed. During this week UPM communicates the temporary terms of work to employees of businesses where the contractual party is the Paperworkers’ Union. The current collective agreements between the Paperworkers’ Union and The Finnish Forest Industries Federation will end on 31 December 2021. After termination, the current agreement has no binding effect as the parties of the agreement change. The time for negotiation is running out, so UPM must prepare for a situation where no agreement is in place. “To ensure business continuity and payroll, we will prepare to arrange working conditions after the turn of the year according to labour law, UPM practices and personal employment contracts. With business-specific collective bargaining, we can offer better terms for everyone than without an agreement. Entering the negotiations with the Paperworkers’ Union is still our goal”, says Executive Vice President Riitta Savonlahti of UPM Human Resources.

Tronox Holdings plc , the world’s leading integrated manufacturer of titanium dioxide pigment, reported its financial results for the quarter ending December 31, 2022: Fourth Quarter 2022 Financial Highlights: *Revenue of $649 million *Income from operations of $36 million; Net loss of $14 million *Adjusted EBITDA of $113 million. Full Year 2022 Financial Highlights: *Total revenue of $3,454 million *Income from operations of $458 million; Net income of $500 million (includes $301M of tax valuation allowance reversals) *Adjusted EBITDA of $875 million; *GAAP diluted EPS of $3.16; *Capital expenditures of $428 million *Reduced total debt to $2.5 billion

Lecta has announced the spin-off of its Self-Adhesives business unit from Torraspapel S.A.U. This spin-off will be effective as of January 1, 2025. It entails ​the creation of the new company Lecta Self-Adhesives España, S.L.U., which will take over all activities, agreements and commercial relationships relating to the Lecta's self-adhesives business, including all its self-adhesive products. This strategic decision reflects Lecta's transformation and specialization of the Lecta Group that has taken place in recent years, which already envisaged the spin-off of its distribution business in Southern Europe and is now focused on its self-adhesive materials unit. With this new structure, Lecta seeks to optimize the management and profitability of the business through specialization, increase production efficiency and analyze and adapt the opportunities of each business unit to market demands and the needs of its customers.